The Finance Ministry has signed a concession contract for the operation of a casino on the shores of Lake Velence and it has asked the National Asset Management Company (MNV) to start talks with one of the project’s investors on a land exchange to revert the situation, the ministry told MTI on Friday.
The ministry also said the concession contract was signed for the region of Central Transdanubia rather than for the municipality of Sukoro.
The ministry called the tender for the casino concession in February and announced American-owned KC Bidding as the winner on August 14. The tender was for a 20-year concession and an annual concession fee of at least HUF 900m. The casino must have at least 1,500 gaming machines and 100 gaming tables.
Joav Blum, one of the group of investors who plan to build the casino, earlier exchanged farm land he owned along the planned route of road no. 4 for a state-owned plot on the banks of Lake Velence. The investors plan to build the casino on the plot.
The MNV noted earlier that the Central Investigation Agency had said in a report that the farm land was estimated to be worth HUF 194m, well under the HUF 787m they were valued at in the transaction.
The State Audit Office (ASZ) deemed the contract legally invalid in an assessment, saying only a fraction of the farm land Mr Blum owned was necessary for the road, and this could have been expropriated by the state.
The Finance Ministry said on Friday that it is continuing its own review of the transaction, in spite of the earlier MNV report.
The ‘chosen ones’ upto the neck in corruption again–smell the money and they lose all dignity,like pigs in fresh shit.
Have thse jerks ever heard of Macao, Atlantic City, Reno, and Las Vegas? What types of low-lives will be going to these crime-ridden casinos? Certainly very few magyars.
I don’t worry too much about this, though, as the new government next year will definitely annul these sorts of fraudulent contracts entered into by the despicable bastard Socies & Commies.